hong kong company formation - An Overview
hong kong company formation - An Overview
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The process of Hong Kong company formation entails selecting a company name, defining the small business objective, structuring the company, appointing a secretary, and getting ready and distributing an software to the Companies Registry.
The title “Certificate of Incorporation” is prominently positioned at the top, slightly below the businesses Registry brand, making it apparent and distinctive from other certificates with a similar design.
As a company proprietor, you’ll really need to post two reports and one audit annually. Even if you have no transactions, you still have to submit annual reviews: prepare unaudited accounts, have an external auditor review them, and file Financial gain Tax Return.
Opening a company in Hong Kong is simple in case you are organised. You just have to fulfil a few governing administration prerequisites. We make it easier to with all these:
Short article of Affiliation can be a set of policies that serves as operational pointers, together with information over the share money quantity, corporate shareholder rules, as well as other essential rules that staff members within your new Hong Kong company should stick to.
We file your software with Businesses Registry and your small business is registered in as quick as 3 business days.
Making ready the essential documents is A necessary Portion of the procedure. This includes drafting the Articles of Association, which define the internal rules and polices of your company, and preparing the incorporation varieties, including the NNC1 kind, for submission to other the Companies Registry.
Legal responsibility of customers — in the company restricted by shares (Confined legal responsibility company), typically just the shareholders’ legal responsibility is proscribed. This implies they are not responsible for any debts or obligations, Other than their particular financial contribution or the quantity unpaid on their shares.
You shouldn't substitute the information provided in this article for knowledgeable legal tips. Be happy to contact BBCIncorp’s customer services for guidance on your particular cases.
Although equally are pointed out in the procedure of creating and operating a company in Hong Kong, they serve unique functions.
In essence, the father or mother company exerts a big impact and control above the subsidiary company.
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The entire process of offshore Hong Kong company formation is analogous to the standard Hong Kong company formation, nonetheless it needs more documentation to copyright the offshore standing and evidence on the authorities that no actions are done in Hong Kong.